How Utility Bills Can Impact Your Down Payment


If you are considering buying real estate in Terre Haute, saving up for a down payment is likely on top of your to-do list. Fortunately, by making a few changes in your current residence’s electricity use, that down payment may be in your bank account faster than you think. Here are some easy ways to reduce your environmental footprint and save money at the same time.

Replace Lightbulbs with Energy Efficient Bulbs

The average household spends five to ten percent of their energy budget on lighting implements, and incandescent bulbs are huge contributors to this expense. By simply replacing traditional bulbs with LEDs, homeowners can save up to 80 percent on this cost and easily add to their down-payment savings.

Unplug and Save

One may not realize just how much energy stagnant devices can draw from the grid, even when they are not in use. Televisions, game consoles and computer and phone chargers keep plugging away at the energy bill and that can add up over time. Unplug chargers and devices not in use or invest in power strips that can be turned off when not in use.

Invest in an Automatic Thermostat

Just lowering your thermostat by seven to ten degrees can have a huge impact on your overall heating and cooling cost. Installing an automatic thermostat can allow homeowners to have complete control over their HVAC system since many of these devices are smart devices like the Nest or Ecobee that can be controlled from anywhere.

Get a Home Energy Audit

Before buying real estate in Terre Haute, you can put back a bit of cash by investing in a comprehensive whole-house energy audit. A professional will come to your home and do a walk-through while explaining the various changes you can make to enjoy greater discounts on energy expenses. This affordable experience is sure to boost your down payment account quickly.

Looking for Real Estate in Terre Haute?

Contact the experts at Berkshire Hathaway HomeServices today to learn more about the exciting opportunities for homebuyers in the local area.

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